A long drive to Aiken

Feb 11, 2014

Aiken, South Carolina

A quick note after a long drive...

US stocks more or less steady on Monday. Gold up $11...apparently on its way back to $1,300.

We spent yesterday driving from Baltimore down to Aiken. So we didn't have much time to think about what was going on in the markets.

Aiken is supposed to be warmer than Baltimore. Today, it's about 10 degrees warmer. But it's hardly balmy. And the cleaning lady at the hotel warned us:

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"I know you came down here to get away from the snow. But I've got bad news for you. It's going to snow here on Wednesday. Not much. But it will be exciting. We're not really very used to snow. Should be pretty, though."

The cold has been a subject of conversation all up and down the East coast of the USA. On Sunday, we gave our advice to a young couple who had just bought an old house in rural Maryland.

"You need to build a big fireplace. Maryland has plenty of trees. Firewood is no problem. So, you put a big fireplace in your kitchen. Then, you don't really care how cold the rest of the house is. You just make a roaring fire in the kitchen. Everybody congregates in front of the fire. And then spring comes..."

More tomorrow...

Bill Bonner is the President & Founder of Agora Inc, an international publisher of financial and special interest books and newsletters.

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